Published on 8/26/2014 in the Prospect News Structured Products Daily.
New Issue: JPMorgan prices $5.73 million trigger PLUS linked to Euro Stoxx 50
By Susanna Moon
Chicago, Aug. 26 – JPMorgan Chase & Co. priced $5.73 million of 0% trigger Performance Leveraged Upside Securities due Feb. 27, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain.
Investors will receive par if the index falls by 20% or less and will be fully exposed to any losses if the index finishes below the 80% trigger level.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $5,732,550
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Maturity: | Feb. 27, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain; par if index falls by 20% or less; otherwise, full exposure to any losses
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Initial index level: | 3,098.50
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Trigger level: | 2,478.80, 80% of the initial level
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Pricing date: | Aug. 22
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Settlement date: | Aug. 27
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.5%
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Cusip: | 48127H869
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